Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 10, 2023, Compensation Committee (the "Committee") of the Board of Directors of LFTD Partners Inc. (the "Company") voted to increase the base salary of Nicholas S. Warrender, the Company's Chief Operating Officer of the Company to $500,000 per year from $250,000. Mr. Warrender's new salary will commence retroactively as of January 1, 2023. The reason for the salary increase is due to Mr. Warrender's increased responsibility and performance.

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